Comment on MIT Students Stole $25 Million In Seconds By Exploiting ETH Blockchain Bug, DOJ Says
Ibaudia@lemmy.world 4 months agoNever! Except with early pump-and-dumps, whale manipulation, spoofing, wash trading, Mt. Gox, or what’s happening with Tether.
But besides all that stuff creating massively disruptive volatility on a slow as shit network, what’s not to love?
shortwavesurfer@monero.town 4 months ago
Exactly, companies and services have scammed users, but the core protocol is as good or better today than it was in 2010 and it has not been hacked. Trust me, many people would be extatic to see it happen. The fundamentals are rock solid.
Ibaudia@lemmy.world 4 months ago
My point is that its lack of regulation and decentralization makes it more vulnerable to the types of attacks that actually matter, namely market manipulation, fraud, and scams targeting specific accounts through social engineering. Those are already the biggest problems with FIAT, and crypto just intensifies them. by removing existing protections.